The story
Fully leased 4-plex in the gated Village at Karen community, with $4,257/month ($51,084/year) in current rents. Units A and B rent at $928.50 each, below the community's typical $1,075–$1,200 range, on leases through 12/31/2026. Units C and D are leased at $1,250 and $1,150 through 3/31/2027. Since the 2025 purchase, the seller added four security doors (one per unit, approx. $15K), fully replaced one A/C system, significantly repaired two others, and replaced approx. six appliances and repaired six more, meaning less near-term capex for the next owner. Each unit is 2 bed/1 bath with central A/C, washer/dryer hookups and public utilities. The $950/month HOA covers grounds, exterior, sewer, trash, and the community pool and playground. Open parking. All units are occupied, so showings are by appointment only.
